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Pension Tax
Hi there, My father in law has a pension that he has been receiving for 10 years. His tax code was 647L or similar and his taxable pension income was £6020.00 therefore he had never paid tax on this. This month he has BR as a tax code and they have taken approx. £200 from his £500 pension amount. We contacted the Inland…
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Expenses and allowances on income from property
Hello :wave:, I have owned a flat as my primary residence for the last 4 years but am now having to move due to work. I am about to let out my property and rent another property nearer work. I am looking at the tax allowances on the income that I will get from this and am not sure on one of the points mentioned on the…
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Deed of Variation question
Hi, My grandmother passed away some 18 months ago and left everything to my mum. My mum passed away just recently and I am applying for probate at the moment. The estate is very close to the IHT threshold and I was wondering if I can exercise a DOV on my grandmother's estate (on behalf of my mother) in order to leave a bit…
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Company Car advice please...
hello, I'm currently in the process of deciding whether to take a company car or the allowance. My allowance options are; 1 - £350/month + 11ppm 2 - £75/month + 40ppm / 25ppm Am i right in thinking that if i choose option 1, i could still claim back the difference between the 11ppm and 40ppm from HMRC?
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Please could someone help me work the tax out?
Hi :hello: New to this part of the forum, I was wondering if someone could help me work out where the cut off point is for me working extra hours? Basically, I worked an extra 44 hours last month and only came out £100 better off. I would like to know how many hours extra to work before it starts to not be worth it if that…
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Only lived/worked in the UK from Sept-now
Hi all, This is my first ever post, so apologies if this has already been asked on here. I started a job and moved to the UK in Sept 2009. Would this mean that I could potentially claim any tax back seeing as my income would be lower than normal for the tax-year? How can I find this out? Any tips would be greatly…
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PAYE - Full time, home worker
Hi all, I'm one of those lucky !!!!!!s who gets to work 100% from home (as stated in my work contract) and because I'm greedy, I've decided that is not enough and would like to know if anyone knows about possible 'tax breaks' regarding this. From what I have read in various places, there appears to be a 'standard' £3 a…
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P60
Hiya, looking for a bit of advice? My husband has not received a P60 for 2009/10 yet? He was employed with a company from June 2009 to Jan 2010 and remployed with them in april 2010 (after the financial year end) he was on emergency tax the whole time (long story) tax office advised him to send his P60 when he got it to…
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Sending money to UK - will it be taxed?
Hi I'm looking for some advice as I want to send some money back to my UK account but am worried I'll have to pay tax on it. I'm currently working overseas in a country where there is no income tax (cayman islands - so no double tax agreement). I've filled out P85 and have been refunded for my overpayment for tax year…
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Reclaiming emergency tax
Hello, I found out that I had been paying emergency tax since February. I have phoned my tax office who have said they have sent my claim to their reclaims office and I am due a refund. Does anyone happen to know how long it takes for a claim to be processed and for my money to be refunded? Many Thanks, Clare
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Capitol Gains Tax on house sale
Hiya, Apologies if this is a stupid question! I own my house and my boyfriend owns his house, well, each of us has a seperate mortgage on our home in our own name. Boyfriend is on a good mortgage rate, I'm with Northern Rock. We've been talking about our future and discussed marriage, mortgages etc. We could sell one and…
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Beneficial Loan tax for my mortgage - is this correct?
Hello, Hoping someone can confirm if I’m right with the below I have staff mortgage which is in the majority a beneficial loan It is a mortgage in the name of me and my wife, but I am the staff member. According to my P11D received today, the Gross Benefit for the last year is £5124.14 As I am a lower tax rate payer, I am…
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The Tax refund company
Hello, i'm a new user so please bare with me as i'm not used to writing on message board. I work for Waitrose and a couple pay-check ago we recieved a form on claiming tax refund and how hundreds of successful of partners (as waitrose staff are known) was able to claim money back. So i thought what the heck and i filled in…
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Tax code adjustment? HOw long does it take?
Hello just a quickie. I rang tax office as they had me on BR rate. I had written to them but no reply. The woman i spoke to said she would amend my code immediately to whatever the tax free allowance is. MY question is how long does this take to filter through to your pay packet? She said she was doing it straightaway but…
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Paying tax on Rent through PAYE
Hi there cannot get through to tax office right now Having read their website it states that if your net profit through rent does not exceed 2,500 per annum you can pay your tax through PAYE. I work part-time so this seems sensible to get this done through PAYE instead of filling out a tax retirn. Can any one clarify for…
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Tax on Rental Income
Hi I hope somebody can offer me some advice on my query. I have just let my house out and have done everything correctly. (consent to let, l/lord insurance etc) My next thing to sort out is paying tax on the income. I have worked out that 12 months rent will come to £5940 minus £598 insurances, appliance cover etc minus…
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How Long for a tax refund to come through
Hi I did my assessment online yesterday and it came up that I was owed £255 tax rebate, It asked for my bank details and when I spoke to someone from the tax office they said that it was done once it was submitted. Does anyone know how long it will take to go in my account Thank you in advance
